OriginOil Lays out Plan to overtake Oil by 2030
While I might not always agree with all the reason for wanting to get off oil, I have to give OriginOil credit for having a seemingly solid model for getting us there.
At the UN’s Intergovernmental Renewable Energy Organization (IREO) Conference last week, OriginOil’s CEO Riggs Eckelberry outlined his plan on how biofuels like algae will be able to overtake oil by 2030. In this outline, Eckelberry argues that a centralized structure is not going to work. However, a decentralized structure focusing on many individual biofuel entrepreneurs all over the world will be key to ending the dependence on oil.
He suggests that his company and others should help to provide these entrepreneurs with the algae “cookbook” in order to start production themselves. This aggregate of many small production operations will eventually eliminate the need for reliance on oil as well as benefiting many poor countries gain access to affordable and local energy.
He compared his plan to the development of the internet where no one person controls the development and instead relies on millions of individuals continually bettering the whole.
To view a video Riggs Eckelberry’s presentation, click here.
To read the PowerPoint Presentation shown, click here.
Lastly, here is the press release concerning the event:
Los Angeles, CA and New York, NY, June 17, 2009 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, reported that CEO Riggs Eckelberry outlined a plan to overtake petroleum during a panel session at the inaugural Intergovernmental Renewable Energy Organization (IREO) Conference, held at the United Nations on June 11, 2009. He warned that without a new approach, petroleum could remain strong until 2060.
A video of the presentation and photos from the conference and awards gala may be viewed on OriginOil’s IREO conference page. Eckelberry’s presentation may also be read on the OriginOil website as a PDF.
“In our planning for renewable energy, we have tended to follow old-school energy thinking, which focuses on large, centralized facilities,” Eckelberry commented. “We believe the solution is networked and distributed and based on large-scale information sharing.” He continued, “We know that entrepreneurs worldwide want to start making biofuels now for their local communities and industries. That’s the model of the future – we call it ‘mushrooms after the rain’.”
IREO Secretary-General Robson Mello applauded OriginOil’s contribution to both the conference and biofuels industry at large. “We found Riggs Eckelberry’s comprehensive approach to solving our petroleum dependency to be realistic and powerful,” said Mello. “We know we have OriginOil’s full support in rolling out renewable energy solutions throughout the world and we look forward to a long and productive collaboration.”
The following speakers joined Eckelberry to speak on the ‘Future of Renewable Energy’: HRH Prince Malik ado Ibrahim of Nigeria; Guillermo Garcia of the Universidad de las Palmas; John Paul DeJoria, owner of Paul Mitchell Systems; Josh Tickell of FUEL The Film (www.fuelthefilm.com); and H.E. Francis Lorenzo, Permanent Representative of the Dominican Republic. The panel was moderated by Dr. Carl Liggio.
As the foremost international voice on renewable energy worldwide, IREO has established this annual conference to bring together leaders from political, private and academic sectors to discuss the state of renewable energy needs and plausible solutions in response to the growth of developing nations around the world.
IREO is a proponent of clean and efficient energy sources combined with sustainable development and social awareness. The organization started as a partnership initiative launched in response to the Rio Declaration on Environment and Development, the Kyoto Protocol, the Johannesburg Declaration and the United Nations Conference on Climate Change in New York. For more information, please visit www.ireoigo.org.
About OriginOil, Inc.
OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world’s oil and gas is made up of ancient algae deposits. Today, our technology will produce “new oil” from algae, through a cost-effective, high-speed manufacturing process. This endless supply of new oil can be used for many products, such as diesel, gasoline, jet fuel, plastics and solvents, without the global warming effects of petroleum. Other oil-producing feedstock, such as corn and sugarcane, often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. To learn more about OriginOil™, please visit our website at www.originoil.com.
For those conservatives out there, who might be wondering why getting off oil and relying more on alternative fuels like algae is a good idea, check out my “A Conservative’s Case for Alternative Fuels“.
